Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 2,300 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the transaction, the president now directly owns 172,446 shares of the company’s stock, valued at $35,028,955.98. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Guidewire Software Stock Performance

GWRE opened at $186.54 on Friday. The firm has a market capitalization of $15.58 billion, a PE ratio of 518.17, a PEG ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The firm’s 50-day moving average price is $194.39 and its 200 day moving average price is $184.38. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GWRE has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer lifted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $204.50.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at about $25,000. Ossiam acquired a new position in Guidewire Software in the 4th quarter valued at about $29,000. Assetmark Inc. boosted its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the 3rd quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the 4th quarter valued at about $34,000.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.